By Pamela Barbaglia LONDON (Reuters) – UniCredit has paused efforts to buy Banco BPM after losing more than a fifth of its value since Russia invaded Ukraine, two sources close to the matter told Reuters. Stock in UniCredit, Italy’s second-largest bank, has dropped by more than 20% since Feb. 24, when Ukraine came under attack,…
By Paresh Dave, Elizabeth Culliford and Sheila Dang (Reuters) – Ukraine plans to urge about 50 additional tech companies, including in gaming, esports and internet infrastructure, to take action against Russia following a slew of earlier requests, a top Ukrainian government tech official told Reuters on Wednesday. Software giant Oracle Corp responded within three hours…
SILVER SPRING, Md. (AP) — Bitcoin prices have surged as investors again appear to view the volatile cryptocurrency as a safe haven for their money and Russians and Ukrainians seek alternatives to their country’s financial institutions. After initially falling to around $34,000 following Russia’s advance into Ukraine last week, bitcoin pushed about 10% higher on…
By Lucia Mutikani WASHINGTON (Reuters) – U.S. private employers hired more workers than expected in February and data for the prior month was revised sharply higher to show strong job gains instead of losses, aligning with other reports that have painted an upbeat picture of the labor market. The ADP National Employment Report on Wednesday…
By Ludwig Burger FRANKFURT (Reuters) -German carmakers association VDA said that the fallout from Russia’s invasion of Ukraine was disrupting transport routes as well as financial transactions and that it was bracing for shortages in a range of raw materials. “It is difficult to provide a reliable outlook due to the highly dynamic situation. But…
By Herbert Lash and Elizabeth Howcroft NEW YORK/LONDON (Reuters) -U.S. and European stocks rebounded on Wednesday and crude prices surged past $110 a barrel as fighting raged in Ukraine for a seventh day, posing a challenge for central banks hoping to curb rising inflation. Gold prices slipped on improving sentiment and U.S. Treasury yields rose…
(Reuters) – Amazon.com Inc on Wednesday told Reuters it plans to close all 68 of its physical book stores, pop up shops and “4-star” stores in the United States and United Kingdom, ending some of its longest-running experiments in brick-and-mortar retail. The company said physical retail remains an important way for it to reach shoppers…
By Florence Tan and Gavin Maguire SINGAPORE (Reuters) -Oil benchmarks are hitting multiple price and spread milestones across several key markets as the fallout from severe sanctions on key exporter Russia sows confusion and panic among global crude oil traders, shipping firms and importers. Brent crude topped $112 a barrel on Wednesday, the highest since…
Are you thinking about doing any home renovations? You may want to get a quote from a contractor first as prices continue to skyrocket. Would you be better off placing that money in the companies that are selling the materials to these contractors? Today, we review the two behemoths in this space. The pandemic represented…
By Tim Hepher and Nick Carey (Reuters) -From Canada Goose parkas and the latest iPhone to spare parts for aircraft engines and even some of the planes themselves – the list of goods, consumer and industrial, that will no longer be sold in Russia is growing longer with every day. Some of the biggest Westerns…
